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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 8/22/2025 -
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Hewlett Packard Enterprise (HPE) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceBroken trend resistance line
Daily :The price is above the upper Bollinger Band
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It was a third consecutive positive week for the Hewlett Packard Enterprise (HPE). During the week, the HPE gained 1.29 points, or 6.10%, and closed at 22.45 on Friday, August 22, 2025. Weekly volume was -7% below average.

Long-term trend: [See HPE long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 7.43 and reached 24.66 on January 22, 2025. HPE gained -17.23 points, or -231.90%, in 253 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (17.08) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See HPE medium-term trend chart]
A medium-term uptrend had started on September 23, 2022 at 11.90 and reached 24.66 on January 22, 2025. HPE gained -12.76 points, or -107.23%, in 121 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 17.13 and resistance is at 27.29. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See HPE weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 23, 2025. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See HPE short-term trend chart]
A short-term uptrend had started on August 5, 2025 at 19.64 and reached 22.69 on August 22, 2025. HPE gained -3.05 points, or -15.53%, in 17 days. The price is now at the 7.87% retracement level.

Daily Technical Indicators: [See HPE daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since August 12, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.59
Williams' Percentage Range (W%R) 26.80
Lane's Stochastic (%D-Slow) 79.35
Greed/Fear Indicator (GFI) 75.37
Moving Average Converg./Diverg. (MACD) 0.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.60
Bearish
Williams' Percentage Range (W%R) 7.60
Strong Overbought
Lane's Stochastic (%D-Slow) 80.03
Overbought Bearish
Greed/Fear Indicator (GFI) 78.41
Moving Average Converg./Diverg. (MACD) 0.18 Bearish
Trading Signals
Description Value Chart
Price 22.45
Upper Bollinger Band 22.39
Daily Stochastic Crossing 22.14
Weekly Stochastic Crossing 21.85
Monthly Trendline Resistance 20.93
20 Day Moving Average 20.93
Monthly Trendline Support 20.84
Parabolic System 20.82
50 Day Moving Average 20.24
Lower Bollinger Band 19.73
Yearly Trendline Resistance 19.43
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Technology Hardware, Storage & Peripherals 76
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 19.64
Low Date 08/05/2025
High 22.69
High Date 08/22/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.97
Low Date 04/04/2025
High 22.69
High Date 08/22/2025
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 20.93
Support 20.84
High 24.66
High Date 01/22/2025
Low 11.97
Low Date 04/04/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 27.29
Support 17.13
Low 11.90
Low Date 09/23/2022
High 24.66
High Date 01/22/2025
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 19.43
Support 17.08
Low 7.43
Low Date 03/18/2020
High 24.66
High Date 01/22/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.